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$OMC said that the strength in the dollar continues to create a negative FX headwinds on its revenue. For 2Q16, the reduction was 1.6% overall or about $63MM and with net acquisitions added, it was 0.3% to revenue this quarter. EBITDA rose 4.3% to $590MM and EBITDA margin was 15.2% for the quarter, representing a 30 BP increase over 2Q15.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.